Land at Stocken Hall Mews, Stretton, Oakham, Leicestershire, LE15 7RL

Description

A freehold parcel of land. The land consists of a small area of grassland bordered by a copse along the northern boundary. The total area measures 0.21 acres (0.08 hectares) or thereabouts. The grassland covers approx. 0.14 acres (0.06 hectares) or thereabouts, while the copse is approx. 0.07 acres (0.02 hectares) or thereabouts.

Location

The land is situated near the village of Stretton in Rutland, 9 miles northeast of the market town of Oakham. Oakham provides supermarkets, a train station, a hospital, cafes, restaurants, pubs and schools. The land is 13.9 miles south of Grantham and 14.9 miles east of Melton Mowbray, with the A1, A52 and A47 nearby.

Tenure / Property Information

Investment Analysis

The £8,000+ guide is the only direct pricing evidence for this 0.21-acre freehold land parcel. The supplied sold comparables are houses within Stocken Hall Mews and are not reliable evidence of land value or development value. No planning permission, allocation, access, services, valuation or land-use evidence is supplied, so GDV and a development resale value cannot be established.

Investment Snapshot

Strategy Recommendation

Do not treat this as a residential development or BRRR opportunity without independently verifying planning prospects, lawful use, access, services, boundaries and the legal pack. Any bid should be based only on the land’s independently supported non-development value and the £2,700 administration charge.

Works Required

No works are supported by the evidence. The site is described as grassland with a northern copse; no building, services, access works, planning consent or development specification is provided.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supported. No residential accommodation, planning consent, development value, refurbishment scope or refinance valuation is supplied. The £2,700 including VAT administration charge is payable in addition to the purchase price, with other possible legal-pack costs unspecified.

Buy-to-Let Analysis

BTL is not applicable on the supplied evidence because the asset is undeveloped land and no dwelling or supported rental use is identified. The advertised £2,000 pcm rent relates to a separate three-bedroom character property in Oakham and cannot be applied to this lot.

Flip Analysis

A flip surplus cannot be calculated. The residential sold comparables range from £270,000 to £590,000 but relate to completed houses rather than this land parcel. No planning-led GDV, build cost, selling allowance or development feasibility evidence is supplied.

Investor Risks & Due Diligence

• Planning permission and development potential are not evidenced.

• The supplied sold comparables are houses and may not reflect the value of this land.

• Access, services, boundaries and any restrictions are not provided.

• Additional legal-pack costs may be payable on completion and are unspecified.

• The £2,700 including VAT administration charge is payable in addition to the purchase price.

• No supported rental or refinance route is evidenced.

Recommendation

Do not treat this as a residential development or BRRR opportunity without independently verifying planning prospects, lawful use, access, services, boundaries and the legal pack. Any bid should be based only on the land’s independently supported non-development value and the £2,700 administration charge.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, approximate area, physical description, guide and administration charge, but provides no planning, access, services, land-use, comparable-land, development-cost or valuation evidence.